article thumbnail

Prices for luxury homes soared in the first quarter 

Housing Wire

Redfin defined luxury homes as those estimated to be in the top 5% of their metro area based on market value, while non-luxury homes are those with estimated values in the 35th to 65th percentile. High-end buyers tend to be more immune to mortgage rate fluctuations and flock to the luxury housing market. year over year.

article thumbnail

How to become a luxury real estate agent

Housing Wire

If you’re known in your market as the expert who successfully sells properties between $1 to $3 million, how do you start getting clients looking for homes valued at $10 million+? How do you convince the sellers of $15 million homes to work with you?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Contingencies You Should Never Remove When Buying a House

Realtor

Getty Images Buyers, we know it’s hard out there for you right now. In our current seller’s market, the national inventory of active listings is down 43.1% All of this demand means buyers are going to ever-greater lengths to make their offer stand out. Mold remediation.

article thumbnail

How to write a lead-winning, memorable real estate agent bio (+ examples)

Housing Wire

Tate’s track record working in luxury sales serves as the real estate version of the ‘Good Housekeeping Seal’ of approval. Both buyers and sellers value the combined benefits of his individual talents along with membership in one of the most respected real estate firms in New York City.

article thumbnail

2 of Every 25 U.S. Homes Worth at Least $1M

Empire Appraisal Group

Homes Worth at Least $1M By Kerry Smith While $1M signified luxury property a short while ago, it’s now 8% of the nation’s housing stock – but a large percentage of those homes are still in Pacific Coast states. Elevated mortgage rates discourage potential home sellers, who are staying put to keep their relatively low mortgage rates.

article thumbnail

How to Break Into the High-End and Luxury Home Market

McKissock

I have seen luxury agents leverage one luxury connection into many luxury deals. You will need to be able to find that special something you offer the seller and be able to sell the sizzle of how what you bring to the table is different than what anyone else can offer them. Pricing luxury properties.

article thumbnail

Lamacchia Realty Announces Top Producing REALTORS® for December 2021

Lamacchia Realty

He is skilled in many facets of Real Estate including both Buyer & Seller Representation, Commercial, Investment, Relocation & Luxury Properties. Her extensive experience in real estate law and property management gives Sarah a unique advantage in helping clients navigate the process of buying and selling.

Realty 73